More banks are shifting fixed home loan rates. Today (Wednesday) it is BNZ.<\/p>\n
BNZ’s moves are in both directions.<\/p>\n
Going up are their 6\u00a0month, 1 year, 18 month, and two year rates.<\/p>\n
Going down are their 3, 4 and 5 year fixed rates.<\/p>\n
The net result of these changes is that BNZ now has the highest six month rate at 4.69%, matching Westpac and ANZ.<\/p>\n
They also have the highest 1 year rate, matching Westpac, the Cooperative Bank and TSB.<\/p>\n
Their 18 month rate now matches Westpac at 5.09% but is lower than ANZ or TSB.<\/p>\n
Their two year rate at 5.29% is the highest of their main rivals, matching ANZ and Kiwibank.<\/p>\n
BNZ’s 3, 4 and 5 year fixed rates are now among the lowest compared to their main rivals, basically matching Westpac.<\/p>\n
These changes come hot on the heels of yesterday’s rate change announcement from ANZ<\/a>.<\/p>\n Unlike ANZ, BNZ did not make any term deposit rate changes at the same time.<\/p>\n To compare mortgage rate offers in a way that includes the application and account fees costs, (or break fee costs if you need to do that), and applying the impact of a cashback\/legal fee reimbursement, or other incentives, you can use our home loan comparison calculator.<\/a> You can find it here<\/a>. Or, for convenience, we have added it to the bottom of this article.<\/p>\n Negotiate, (even with your mortgage broker). How flexible banks may be will depend on the strength of your financials.<\/p>\n One other useful way to make sense of the changed home loan rates is to use our full-function mortgage calculator<\/a> which is here<\/a>.<\/p>\n